Bloomberg TV's Erik Schatzker is hanging out on the top floor of
Goldman Sachs today doing a rare interview with the banks COO,
Gary Cohn.

A lot of times these things can be pretty boring with bank execs
throwing out generic responses to prepared questions. We've got
to hand it to Bloomberg though, we heard something interesting
within the first three minutes of the interview.

Schatzker dug right in and asked Cohn about Jamie Dimon's
appearances before Congress to answer for JP Morgan's $2 billion
trading loss. There was no schadenfreude.

"It's not good for us to have JP Morgan going through this," he
said. "At the end of the day there's a fundamental group of
players in this industry, and it's best if we're all well
respected, well regarded, and well thought of."

That said: He did watch a little bit of the Congressional
testimony. Why? Because he wanted to see where politicians (and
others) stood on Dodd-Frank. It wasn't hard to get an idea from
the questions people were asking and the comments they were
making.